28 April 2023
Financial results
- Loans to retail and micro clients have recorded a slight decline in relation to the end of 2022 and amount to 110.15 billion dinars; deposits of individuals and micro clients have increased by 1.9% to 134.71 billion dinars.
- Corporate loans have increased by 3.1% relative to the end of 2022 to reach 115 billion dinars; corporate deposits have risen by 6.5% to 101 billion dinars.
- Net interest income has gone up by 35.1% relative to the same period of the previous year and amounts to 3.21 billion dinars, while net fee and commission income has gone up to 0.81 billion dinars.
- Net result amounts to 1.92 billion dinars at the end of Q1 2023, up by 57.9% relative to the same period of 2022, owing to the strong growth in operating income.
- Total assets have increased from 352 billion dinars at the end of 2022 to 363 billion dinars.
- Capital adequacy is 20.12%.
- NPL ratio is 2.5% at the end of Q1 2023.
"For us, it is particularly important that we have achieved a continuously good and stable result in the quarter before the transition to the new information system, which awaits us during the Labor Day holidays. We are excited to enter a new chapter of our Bank's development in order to continue to grow with the market, constantly improving products and services and making them as accessible as possible through all available traditional and digital channels. In the first quarter of 2023, we retained the first position on the market according to the user experience index*, which is actually the fifth quarter in a row that we have been recording the best result," said Jasna Terzić, CEO of Erste Bank a.d. Novi Sad.
*Source: Banking Market Monitor Research for Q4 2022 – Q1 2023; conducted by IMAS, an Austria-based market research agency.